I am a student wondering how would I put this correctly into a calculator.
I have 1,05 and 1,216
1,05^n=1,216
How would I calculate n without just multiplying 1,05 against itself until I hit the desired result.I know that n=4 but how would I calculate this easier?
All tips and help is appreciated.
Thank you in advance!
$$n=\frac{\ln(1.216)}{\ln(1.05)}=\frac{\log(1.216)}{\log(1.05)}$$